Stock Traders Purchase High Volume of Call Options on Boeing (NYSE:BA)

The Boeing Company (NYSE:BA) saw some unusual options trading on Thursday. Investors purchased 107,071 call options on the company. This represents an increase of approximately 16% compared to the average volume of 92,027 call options.

Insider Activity at Boeing

In related news, SVP Ann M. Schmidt sold 6,281 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mortimer J. Buckley purchased 2,230 shares of Boeing stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director owned 4,430 shares in the company, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Institutional Trading of Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in BA. Measured Wealth Private Client Group LLC bought a new position in Boeing in the 3rd quarter valued at approximately $25,000. Strive Financial Group LLC bought a new position in Boeing in the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in Boeing in the 4th quarter valued at approximately $26,000. CrossGen Wealth LLC bought a new position in Boeing in the 4th quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in Boeing in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BA shares. Citigroup reduced their target price on Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Susquehanna reiterated a “positive” rating and set a $280.00 target price on shares of Boeing in a report on Thursday, January 15th. Wells Fargo & Company started coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. UBS Group upped their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Tigress Financial upped their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $259.60.

Boeing Stock Performance

Boeing stock opened at $229.37 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company has a market capitalization of $180.81 billion, a P/E ratio of 111.35 and a beta of 1.21. The stock’s 50 day moving average is $217.74 and its 200 day moving average is $218.36. Boeing has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.49) EPS. On average, equities research analysts predict that Boeing will post -0.15 earnings per share for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The China order would be Boeing’s biggest U.S.-China jet deal in years and a meaningful boost to the company’s commercial backlog, supporting future revenue visibility. China set to buy 200 Boeing planes in biggest US jet deal with Beijing in years
• Positive Sentiment: U.S. Treasury Secretary Scott Bessent said he expected large Boeing orders to be announced during Trump’s China visit, reinforcing hopes that the summit could improve Boeing’s sales outlook. US Treasury’s Bessent expects large Boeing order during China visit
• Positive Sentiment: Boeing also continues to benefit from strong analyst support and a favorable long-term backlog story, which helped keep broader sentiment constructive before the headline disappointment. The Boeing Company (BA) Is a Trending Stock: Facts to Know Before Betting on It

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.